410 East Fifth ST # 401, Austin TX 78701

The market data from 4 similar recent sales in 78701 points to a value of approximately $571,217. To sell within a reasonable timeframe at fair market value, the $448,000 to $458,000 range is where I'd position this. Against 7 similar active listings in 78701, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1950 construction puts this home 5 years newer than the comp average, a factor in the pricing. Buyers in 78701 have 7 comparable options right now, with asking prices between $449,000 and $875,000. In 78701, home values have fallen approximately 16.4% over the past 6 months. One of the strongest data points is 800 Brazos ST # 1309, Austin TX 78701, adjusting to $663,790; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group